Al Mazaya Holding Co (K.S.C) a leading property firm in the region, signed a contribution contract with “Oman Construction” to share in a real estate investment portfolio in Oman with a capital of OMR 3.1 million. Al Mazaya’s share is 40% while 12% is for Oman Construction and 12% for “Mina” real estate company. The remainder of the percentage is submitted for IPO from a chosen group of investors and real estate companies.
AGM Results disclosure for Al Mazaya Holding Co.
With reference to the above subject, and to paragraph 27 of article 4-1-1 of chapter 4 of book 10 of the executive regulation of law No.7 of 2010 regarding the establishment of the Capital Markets Authority and regulating securities’ activities.
Kindly note that the AGM for Al Mazaya Holding Co. was held on 03/08/2023.
Supplementary Disclosure
| Date: | 03/08/2023 |
| Name of listed company | Al Mazaya Holding Co. K.S.C. P |
| Disclosure Subject | Supplementary disclosure from Al Mazaya Holding Company K.S.C.P. (Holding) regarding the AGM results for Al Mazaya Holding Co. |
| Date of previous disclosure | 09/07/2023 |
| Disclosure updates | The AGM has approved to distribute interim dividends for the period ended 31/03/2023 as free bonus shares from the company’s treasury shares at the rate of 2 % to be distributed among the shareholders registered in the company’s shares’ registry as of the Eligibility Date. This will not result in any increase in the company’s capital or its issued shares. These shares are entitled to the shareholders registered in the company’s records at the end of the entitlement day on Thursday 24/08/2023 and will be distributed on 30/08/2023, with the authorization of the Board of Directors to amend the share entitlements schedule and take the necessary action with the fractions of the outstanding shares. |
| Financial impact of the update (if any) | No financial impact |
